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Ponsse sells its Russian subsidiary

01 July 2022
On 28 June 2022 Ponsse sold all shares in OOO Ponsse, its subsidiary that provided services in Russia and Belarus. Ponsse signed the deed of sale, according to which Ponsse’s operations in Russia will transfer to OOO Bison once the conditions of the transaction have been met. Source:
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UK approves timber within external walls up to 18 metres

29 June 2022
After a lengthy consultation on the ban on combustible materials, the UK’S Department of Levelling Up, Housing and Communities has ruled that structural timber is approved for use within the external walls of buildings between 11 and 18 metres. Source: Timberbiz The government recogni
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Italian vocational secondary school for timber achieves PEFC certification

29 June 2022
In the pine-covered mountains of northern Italy is a school like no other – ENAIP Trentino (Ente Nazionale ACLI Istruzione Professionale or National Agency of Vocational Training). A boarding and day school for secondary students who are interested in pursuing careers relating t
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HRH The Prince of Wales announces The Queen’s Commonwealth Canopy at CHOGM

29 June 2022
His Royal Highness The Prince of Wales announced pan-Commonwealth commitment to The Queen’s Commonwealth Canopy (QCC) at the Commonwealth Heads of Government Meeting (CHOGM) in Kigali, Rwanda. Source: Timberbiz Launched at the Malta CHOGM in 2015 with the vision of creating a pan-Comm
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Superb website to showcase Euro forests

27 June 2022
Funded by the European Commission to promote large-scale forest restoration in support of the EU Green Deal, the new Horizon 2020 project SUPERB, coordinated by EFI, has 36 consortium members, 90 associated partners, €20m in EU funds and €90m in in-kind contributions. Source: Timberbi
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Global timber markets

27 June 2022
Global sawlog price changes were mixed in 1Q/22 with quarter-over-quarter (QoQ) increases in North America and Eastern Europe, while prices declined in Central and Northern Europe. Source: Forest2Market The European Sawlog Price Index (ESPI) increased slightly in the 1Q/22 and reached
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Bonehenge wins Barkitecture prize at Goodwoof

27 June 2022
Birds Portchmouth Russum Architects entered the Barkitecture design competition for kennel design as part of the Goodwoof event in 2022. Source: Timberbiz They chose to use ultra-high-performance sustainable wood Accoya, to produce a beautiful kennel which is more than suitable to liv
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On the Cusp of international stardom

27 June 2022
Several countries were so impressed by Cusp at Expo 2020 Dubai that the innovative Tasmanian timber company has been invited to speak at international forums tasked with looking at the decarbonisation of building materials. Source: Timberbiz Cusp’s cross-laminated timber product, the
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Russia suffers from corporate exits, but some companies remain

24 June 2022
Aleksey Mordashov, head of the board of directors of Severstal, which also owns the leading Russian birch plywood producer Sveza, said that the volume of production in its plywood business and in steel has dipped sharply. Sources: Lesprom, Timberbiz “We exported 80% of our products. W
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New Forests buys 108,000-acre forest in California

24 June 2022
New Forests, a global investment manager of nature-based real assets and natural capital strategies, has announced the purchase on behalf of institutional investors of an approximately 108,000-acre forestry estate in Northern California from The Michigan-California Timber Company (MCT
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